Hi,

I have recently purchased a newly built house in 30X40 north facing plot in Akshaya Nagar, very close to the main road,(less than 200 meters distance from MORE, Koshys etc) 2 kms from ring road and is 110% Vaastu compliant.

I have paid around Rs. 2000 Per Sq/Ft for land and around 1,05,000 per sq/yard of builtup area. Its a 2 floor house with separate entries to two 2bhk houses. Both have an attached bathroom to the master bedroom and a common bathroom. Also there is a servant bathroom below the stairs on the ground floor. Rain water harvesting done, there is a borewell with 2 inch water and a 5000 ltrs sump underground, below the parking space.

There is a single bedroom and an attached bathroom cum storage room on the terrace.
The Total built up area is 25 sq/yard (Chadara). Have used granite flooring for the entire house and marble slabs and modular Kitchen fittings.. house is built on pillars.

The entire price of the house has been around 48 lakhs. Just want someone to confirm if this is a fair price.

Please leave a line saying something.. please dont ignore, your prompt response is highly appreciated.
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  • You have already purchased the building then don't worry, If you are happy the rate then be in peace. If someone says you bought it at a very high rate. Then you start thinking that you gave too much money and gave opportunity of breeding a negative thought in your mind that can harm your peace. Forget everything and look at the things to prosper from that building.:)
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  • If You have already bought then nothing can be done take it as when as it comes.
    But if you have not bought then my suggestion is not to buy. The current market scenario is not a favourable at all.
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  • Much against what Arin might say, prices of property are looking up in Bangalore. After all Arin and many others are living in US and speculating on property price in Bangalore. To tell the truth when I asked for price in AECS layout where it was quoted Rs 3500 psft just 3 months back, it is now quoted at Rs 4500 psft. However prices of flats are rather steady with NEGOTIABLE tag attached. In other words if you are buying land anywhere in Bangalore Urban, it is yet worth doing it. Remember inbetween 2002 and 2003 even before anyone realised price of land in Bangalore shot up almost 4 times. Dont miss oportunities based on comments from NRIs who are just wanting prices to fall in India.
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  • Please beware Natarajg007 guy is a agent in Chennai.
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  • Excellent advice madhu3690 vbmenu_register("postmenu_8690", true); great job! hats off to you.

    To the people who bought property before: don't look back, its like looking down from top of building.

    To the people who are going to buy property now: wait for some time, its really worth to wait now. Things will never go away or project a 30% flat discount from buyer, if you are really interested going now.
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  • Prices of plots as well as flats are falling in Bangalore.

    If you have alreday purchased it, then forget it. Enjoy living there
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  • Originally Posted by Shashi_kb
    Hi,

    I have recently purchased a newly built house in 30X40 north facing plot in Akshaya Nagar, very close to the main road,(less than 200 meters distance from MORE, Koshys etc) 2 kms from ring road and is 110% Vaastu compliant.

    I have paid around Rs. 2000 Per Sq/Ft for land and around 1,05,000 per sq/yard of builtup area. Its a 2 floor house with separate entries to two 2bhk houses. Both have an attached bathroom to the master bedroom and a common bathroom. Also there is a servant bathroom below the stairs on the ground floor. Rain water harvesting done, there is a borewell with 2 inch water and a 5000 ltrs sump underground, below the parking space.

    There is a single bedroom and an attached bathroom cum storage room on the terrace.
    The Total built up area is 25 sq/yard (Chadara). Have used granite flooring for the entire house and marble slabs and modular Kitchen fittings.. house is built on pillars.

    The entire price of the house has been around 48 lakhs. Just want someone to confirm if this is a fair price.

    Please leave a line saying something.. please dont ignore, your prompt response is highly appreciated.


    Dear friend,

    You have already spent Rs. 48 lakhs to buy the house. After deciding based on your analysis, you should not at this stage, ask if the price is reasonable. Please do not bother having acquired the property at the lowest price you could get. After all, the investment is to be seen in a longer perspective and it is bound to appreciate after a few years by the time the RE is bound to bounce back. Nothing in RE is waste in this country. Only the difference could be, the return on the investment made now may not be very high, but it will be reasonable in the long run.
    ks2071746
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  • Originally Posted by ks2071746
    Dear friend,

    You have already spent Rs. 48 lakhs to buy the house. After deciding based on your analysis, you should not at this stage, ask if the price is reasonable. Please do not bother having acquired the property at the lowest price you could get. After all, the investment is to be seen in a longer perspective and it is bound to appreciate after a few years by the time the RE is bound to bounce back. Nothing in RE is waste in this country. Only the difference could be, the return on the investment made now may not be very high, but it will be reasonable in the long run.
    ks2071746


    very true ks.
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